Sebi revamps accredited investors framework; approves common ad code for mkt intermediaries
The Securities and Exchange Board of India (Sebi) has expanded its definition of accredited investors, now permitting individuals with securities market assets of INR 5 crore and corporate entities with INR 20 crore to qualify. Furthermore, it has instituted a Common Advertisement Code for market intermediaries, allowing celebrities to endorse brands while restricting specific product promotions.
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